Common use of Exclusive Benefit of Parties and Holders of Certificates; Effective Date Clause in Contracts

Exclusive Benefit of Parties and Holders of Certificates; Effective Date. This Agreement is for the exclusive benefit of the parties hereto, their respective successors hereunder, and Holders of Certificates, and shall not be deemed to give any legal or equitable right, remedy or claim to any other Person whatsoever. The Holders from time to time shall be beneficiaries of this Agreement and shall be bound by all the terms and conditions hereof and of the Certificates by acceptance of delivery thereof. This Agreement shall become effective as to the Trustee and the Depositor for each series of Certificates upon the execution of the Series Trust Agreement for such series by the Trustee and Depositor and the receipt by the Trustee of the Bonds deposited therewith.

Exclusive Benefit of Parties and Holders of Certificates; Effective Date. This Agreement is for the exclusive benefit of the parties hereto, their respective successors hereunder, and Holders of Certificates, and shall not be deemed to give any legal or equitable right, remedy or claim to any other Person person whatsoever. The Holders from time to time shall be beneficiaries of this Agreement and shall be bound by all the terms and conditions hereof and of the Certificates by acceptance of delivery thereof. This Agreement shall become effective as to the Trustee and the Depositor for each series of Certificates upon the execution of the Series Trust Agreement for such series by the Trustee and Depositor and the receipt by the Trustee of the Bonds deposited therewith.